Send money to Development Bank Account
We connect people and money. Across borders, currencies and cultures.
Pay with
Estimated delivery time
It’s easy with Development Bank
Faster, cheaper and safer
The Development Bank of the Philippines is one of the country’s pre-eminent development financial institutions that has influenced and accelerated serious economic growth. Over the years, it has boosted economic growth through the provision of resources to the Philippines.
Although it’s classified as a development bank, it performs all the functions of a bank. Its main objective is to offer banking services that cater to the needs of agricultural and industrial enterprises with a direct emphasis on small or medium industries.
Since its businesses are directed, it’s mostly run by the Board of Directors, composed of 9 members appointed by the government, with the chief executive and the vice chairman being the president. In 1992, it was recognised as one of the world's top 10 banks that focuses on implementing valuable projects in the country.
It was also ranked number 11th in terms of overall leadership among companies by Far Eastern Economic Review. In 1995, DBP was given a license that made it attain a universal banking status.
The Bank also marked its 50th anniversary by having a turnover of up to One Billion Peso dividend checks, representing 50% of its net income. This is considered one of the biggest contributions to the government among government-owned institutions. As the country’s main infrastructure bank, it supports government efforts and constantly works towards building a more resilient economy.
Compared to other privately owned banks, its major focus is improving Filipinos' well-being. It has therefore put a comprehensive framework that spurs growth in key areas such as social services, infrastructure and logistics, small and medium enterprises, and the environment. One of CBD’s flagship areas is Infrastructure Contractors Support (ICONS).
Although it’s classified as a development bank, it performs all the functions of a bank. Its main objective is to offer banking services that cater to the needs of agricultural and industrial enterprises with a direct emphasis on small or medium industries.
Since its businesses are directed, it’s mostly run by the Board of Directors, composed of 9 members appointed by the government, with the chief executive and the vice chairman being the president. In 1992, it was recognised as one of the world's top 10 banks that focuses on implementing valuable projects in the country.
It was also ranked number 11th in terms of overall leadership among companies by Far Eastern Economic Review. In 1995, DBP was given a license that made it attain a universal banking status.
The Bank also marked its 50th anniversary by having a turnover of up to One Billion Peso dividend checks, representing 50% of its net income. This is considered one of the biggest contributions to the government among government-owned institutions. As the country’s main infrastructure bank, it supports government efforts and constantly works towards building a more resilient economy.
Compared to other privately owned banks, its major focus is improving Filipinos' well-being. It has therefore put a comprehensive framework that spurs growth in key areas such as social services, infrastructure and logistics, small and medium enterprises, and the environment. One of CBD’s flagship areas is Infrastructure Contractors Support (ICONS).
Don’t just take our words for it
We have thousands of happy Remitbee users to back it up
Jocelyn Mendoza
Sending money to Philippines with RemitBee was a game-changer! They made it so simple and worry-free, I'm impressed!
Jose Reyes
I can't thank RemitBee enough for their amazing service. Sending money to my family in Philippines is now a joy!
Maria Garcia
RemitBee has become my trusted companion for sending money to Philippines. It's like they truly understand my needs!
Fast and frictionless transfers
We’re making the world a smaller place. By bridging the gap between finances, transparency and affordability, we’re working towards our goal of financial empowerment for everyone.
Best way to send money to Philippines
All Remitbee transfers are usually completed within minutes or up to 1 business day at most. When the recipient receives the transfer, they will be notified through a text message and they can easily access the funds through their Development Bank app. It’s that simple!
Mobile Wallet service also available
How to send money to Development Bank Account?
Send and exchange money with best rates in Canada- Choose “Philippines” as the country you will send a transfer to
- Select “To Pickup” as the receiving method for your recipient
- Enter your recipient’s name, mobile number, email address, and home address
- Under the “Bank” options, choose “Development Bank” then enter the recipient’s account number under “Bank account”
- Enter the amount you wish to send then the select the purpose of your transfer from the options
- Choose your preferred payment method for the remittance and follow the payment instructions
- Confirm details and send your money transfer
Send to all major banks in Philippines
Best way to send money from Canada on the go
Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device!